Individual goodness is adequate for exaltation (ordinances and covenants are needed).

The Fall of Adam tainted mankind with “original sin.”

Number 2 is not an exclusive LDS teaching since lots of traditional Christians don’t except child baptism

Number 3 doesn’t make sense

Number 4 is not mentioned in the Book of Mormon so it is wrong, no Mormon ordinances and covenants are mentioned in the Book of Mormon

Number 5 is completely wrong the Book of Mormon teaches the opposite

Mosiah 16:

3 For they are carnal and devilish, and the devil has power over them; yea, even that old serpent that did beguile our first parents, which was the cause of their fall; which was the cause of all mankind becoming carnal, sensual, devilish, knowing evil from good, subjecting themselves to the devil.4 Thus all mankind were lost; and behold, they would have been endlessly lost were it not that God redeemed his people from their lost and fallen state.

Mosiah 3

16 And even if it were possible that little children could sin they could not be saved; but I say unto you they are blessed; for behold, as in Adam, or by nature, they fall, even so the blood of Christ atoneth for their sins.

2 Nephi 2:

21 And the days of the children of men were prolonged, according to the will of God, that they might repent while in the flesh; wherefore, their state became a state of probation, and their time was lengthened, according to the commandments which the Lord God gave unto the children of men. For he gave commandment that all men must repent; for he showed unto all men that they were lost, because of the transgression of their parents.

_________________Justice = Getting what you deserveMercy = Not getting what you deserveGrace = Getting what you can never deserve